1. TSX.V: LRA
“Creating Value Through Exploration, Acquisitions
and Discovery”
Investor Presentation
February 2014
Creating Value Through Discovery in South America
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2. TSX.V: LRA
Forward Looking Statements
Except for statements of historical fact relating to the Company, certain information contained herein
constitutes forward-looking statements. Forward-looking statements are frequently characterized by words
such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate” and other similar words, or statements that
certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and
estimates of management on the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to differ materially from those
projected in the forward-looking statements. There can be no assurance that such forward-looking statements
will prove to be accurate, as actual results and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue reliance on such statements. The Company does
not undertake to update any forward-looking statements that are incorporated by reference herein, except in
accordance with applicable securities laws.
For a description of material factors that could cause the Company’s actual results to differ materially from the
forward-looking statements, please review the Company’s Prospectus, Annual Information Form, and MD&A
filed on www.sedar.com.
The Qualified Person (QP) for projects in China and Peru is Andre Gauthier.
The Qualified Person (QP) for projects in Brazil is Mike Bennell
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3. TSX.V: LRA
Contrarian or Victim?
Mining is a long-term business, but resource markets are cyclical
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5. TSX.V: LRA
Experienced, Track Record of Discovery
MANAGEMENT
DIRECTORS
Miles Thompson (Chairman & CEO)
+25 years in exploration globally. Previously Manager
of Business Development for Gold Fields.
Michael Winn (Director)
Geologist +30 years in oil and gas and mining.
Director of several listed exploration mining
companies.
Andre Gauthier (President)
+30 years in exploration and mining
previously for Falconbridge and Cambior.
globally,
Michael Bennell (VP Exploration)
+30 year track record of in Australia, Brazil and
Africa. Previously for BHP Billiton and AngloGold.
Helio Ikeda (Project Manager Brazil)
+30 years experience of exploration in Brazil. Worked
previously for Vale, Billiton and Barrick.
Noel Diaz (Exploration Director Peru)
+30 years experience in government and exploration
groups including Cambior and Gold Fields.
Carlos Caceres (Exploration Director Colombia)
+30 years experience in coal, metals and oil and gas
exploration in Colombia.
Carlos Theune (Exploration Manager Chile)
+30 years experience in industrial minerals
exploration in Chile and internationally.
Byron King (Director)
Geologist and lawyer who has followed the resource
industry for +30 years. Served in the U.S. Navy,
graduate of Harvard, U.S. Naval War College and
Pittsburgh.
Christopher Jones (Director)
Member of the Institute of Canadian Chartered
Accountants and Institute of Chartered Financial
Analysts of Ontario. Vice President of Duff & Phelps.
Adrian Calvert (Director)
+15 years in resource industry. Founder of WindRose
Capital Ltd. Holds law degree from the University of
Queensland and an MBA from Insead.
Geoff Chater (Director)
+20 years in the industry, previously First Quantum.
Geology graduate Texas Christian University.
Christopher MacIntyre (VP Corporate)
+6 years in public markets and the resource sector.
Commerce and Business graduate Queen’s University.
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6. TSX.V: LRA
Share Capital & Sustainability
Shares Outstanding:
Management stock options:
Warrants outstanding
Fully Diluted Shares:
30,519,687
3,390,000
4,083,135
37,019,697
82%
7%
11%
100%
Market capitalization:
C$ 25 million (@ C$0.85/sh)
Cash in treasury
C$ 2.5 million
Marketable Securities (Sept 2013)
C$ 1.5 million
Payments from Partners (est. 2014-16)
C$ 2.0 million
2014 budget
C$ 2.0 million (including G&A)
Insider ownership
~10% of shares outstanding
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7. TSX.V: LRA
Joint Ventures, Alliances, Shares and Royalties
Partner
Project
Commodity
Codelco
Liberdade
Copper
Tessarema
Curionopolis Copper-Au
Aguia
Sergipe
Potash
Focus Graphite Caninde
Graphite
Country
Brazil
Brazil
Brazil
Brazil
Lara %
25%
Royalty
25%
40%
Cash $m
Vertical
Horizonte
Antofagasta
Aruntani
CJL Capital
Redzone
Vertical
Vila Oito
Sami
Grace
Chocos
Lara-Tingo
Iron
Nickel
Copper-Au
Gold-Ag
Zinc-Lead
Copper
Brazil
Brazil
Peru
Peru
Peru
Peru
Royalty
Shares
25%+FS
Royalty
Royalty
45%
0.80
Kiwanda
Alliance
Phosphate
Chile
25%
Kiwanda
Alliance
Coal
Colombia
Expl
$m
3.30
Totals
2.00
0.10
Shares m
Royalties
2 - 5% NSR
1.50
7.00
10.0
0.50
$0.75 $1.5/t
8.5
2.00
0.45
6.00
0.50
0.85
5.00
25%
5.00
5.35
0.75-1% NSR
2% NSR
1% NSR
1% NSR
3.00
1% NSR
28.30
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8. TSX.V: LRA
Sami Gold-Copper Project
• Extensive epithermal
alteration system located in
the Tertiary volcanic belt of
southern Peru.
• District with various large
Cu-Au deposits and
operating mines.
• Lara controls over 50,000
hectares of mineral rights.
• JV with Antofagasta
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9. TSX.V: LRA
Sami Gold-Copper Project
• 20 epithermalporphyry style
copper-gold targets
indentified.
• The large area of
prospective alteration
is indicative of district
potential.
• Map at right shows
alteration plotted on
the same scale as
several large known
deposits in the region
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10. TSX.V: LRA
Liberdade Copper – Location and Access
• Carajás one of Brazil’s
most prolific mining
districts.
• 120km on unpaved
roads from Tucumã.
Landing strip for light
aircraft on-site.
• Mineral rights are
within farm land
cleared for cattle
grazing.
• Discovery area lies on
higher ground with
secondary forest cover.
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11. TSX.V: LRA
Liberdade Copper – Fortuna Drilling
• Potentially large
Carajás-type IOCG
system 1200x350m
footprint.
• Codelco earning
51% and must
deliver a minimum
compliant resource
of 500,000t of
contained copper to
raise that to 75%.
• Awaiting license
renewal for next
phase of drilling
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12. TSX.V: LRA
Other Activities for 2014
•
Tessarema to drilling the high-grade Cu-Au breccias found by
Codelco at Curionopolis (Brazil)
•
Kiwanda financing development and spin-out of our Carbhid and
Pelaya coal projects into a separately listed company (Colombia)
•
Follow up with Focus on the new graphite discoveries at Caninde
(Brazil)
•
Consolidating with Kiwanda a producing phosphate district with
exploration potential at Bahia Inglesa (Chile)
•
Aruntani to drill test the Grace gold project, which lies adjacent to
their newest mine. We will receive cash and royalties (Peru)
•
Vertical seeking a Mining License for the Curionopolis Iron Project
where we have a royalty interest (Brazil)
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13. TSX.V: LRA
Investment Case for Lara
•
Management team with deep roots in South America and multiple
discoveries and significant ownership in the Company.
•
Prospect Generator business model substantially increases the
probability of success, while reducing the cost of failures.
•
Treasury currently sufficient for 2014 budget, but expect additions
form payments from JV partners and sale of marketable securities.
•
Focus on larger discoveries of interest to miners where even minority
interest will generate order of magnitude returns for shareholders.
•
Potential near term catalysts: Liberdade discovery with Codelco in
Brazil. Drill program at Sami with Antofagasta in Peru.
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